Arbuthnot Banking Group (LON:ARBB) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Arbuthnot Banking Group PLC (LON:ARBB)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 908.75 ($11.77) and traded as low as GBX 895.15 ($11.59). Arbuthnot Banking Group shares last traded at GBX 906.55 ($11.74), with a volume of 1,164 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Arbuthnot Banking Group in a research note on Thursday, February 20th.

Arbuthnot Banking Group Price Performance

The firm’s fifty day simple moving average is GBX 902.99 and its 200 day simple moving average is GBX 908.43. The company has a market capitalization of £148.10 million, a PE ratio of 4.84, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00.

Arbuthnot Banking Group (LON:ARBB) last issued its earnings results on Thursday, March 27th. The company reported GBX 152.30 ($1.97) EPS for the quarter. Arbuthnot Banking Group had a return on equity of 12.11% and a net margin of 12.76%. On average, equities research analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 EPS for the current fiscal year.

Arbuthnot Banking Group Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, May 1st will be given a dividend of GBX 69.75 ($0.90) per share. This represents a yield of 3.17%. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Arbuthnot Banking Group’s previous dividend of $40.00. Arbuthnot Banking Group’s dividend payout ratio (DPR) is currently 24.87%.

About Arbuthnot Banking Group

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.